LaGrange's Zillow typical city home value is $241,497, and its Zillow typical observed market rent is $1,356 per month. Dividing annual ZORI by ZHVI produces a 6.7% gross yield before operating costs. For affordability framing, the Zillow value is 5.5x city median household income, while annual ZORI is 37.2% of that income; neither comparison is a mortgage payment or a net-return estimate.
ACS citywide housing-stock context counts 14,203 units: 60.3% of occupied units are renter occupied and 8.5% of all units are vacant. ACS reports a $216,300 owner-reported median home value and $1,073 median gross rent, with gross rent including contract rent and selected utilities. Those are surveyed occupied-housing measures, unlike Zillow's typical city home value and observed market rent; they cover different concepts and should not be blended or averaged.
Demand and supply depth remain citywide survey context. Among renter households, 58.7% have rent burdens of at least 30% of income. The housing mix is 62.4% single-family and 8.8% large multifamily; vacancy reasons include 262 units for rent, 50 for sale and 44 seasonal. Population rose 5.5% between overlapping ACS five-year vintages, subject to possible boundary changes. Median household income is $43,708, unemployment is 9.0%, and poverty is 22.9%. These measures describe household constraints and stock, not available inventory, lease-up speed, tenant quality, or the outcome of any specific property.
At county scope, Troup County's 0.932% property-tax rate is a county input, not a city measure. At metro scope, the broader LaGrange metro had 3.5 months of supply and a 97.98% sale-to-list ratio; these metro indicators do not measure city sales. At national scope, the 30-year Freddie Mac mortgage rate is 6.69%, a national financing benchmark rather than a local loan quote.
The main underwriting limitation is aggregation: city Zillow figures do not price a parcel, and ACS survey estimates do not establish current rent, occupancy or condition. A property review should verify property-specific rent comparables and lease terms, taxes and assessments, insurance and hazard costs, utilities, maintenance and capital needs, legal use, HOA obligations, title, and inspection findings. Recalculate net income and financing with those inputs rather than treating gross yield, vacancy, or market indicators as a property result.